China Hi-Tech Group Co., Ltd.

China Hi-Tech Group Co., Ltd. (Chinese: 中国高科集团股份有限公司; pinyin: zhōng guó gāo kē jí tuán gǔ fèn yǒu xiàn gōng sī), is a Chinese company engaged in the provision of educational technology. It was established by a number of Chinese universities and the Chinese Ministry of Education. It is closely held by the Chinese government through Founder Group.[2][3]

This article is about the education technology company. It is not to be confused with the textiles group, China Hi-Tech Group Corporation.
China Hi-Tech Group Co., Ltd.
Native name
中国高科集团股份有限公司
Public
Traded asSSE: 600730
IndustryInvestment
Trade
Consultancy
Founded1987 (1987)
FounderMǎ Jiàn Bīn
Headquarters
Beijing
,
China
Area served
Worldwide
Key people
Mǎ Jiàn Bīn (Deputy Chairman of the Board, CEO)
Revenue CN¥7.64 billion US$1.64 billion (2017)[1]
CN¥0.35 billion US$0.04 billion (2017)[1]
CN¥0.49 billion US$0.06 billion (2017)[1]
Total assets CN¥2.89 billion US$0.45 billion (2017)[1]
Total equity CN¥5.86 billion US$0.75 billion (2017)[1]
OwnerFounder Group
Number of employees
c. 80,000 (2017)
Websitechinahitech.com.cn
China Hi-Tech Group Co., Ltd.
Simplified Chinese中国高科集团股份有限公司
Traditional Chinese中國高科集團股份有限公司

History

On 26 June 1992, China Hi-Tech Group Co., Ltd., initiated by 36 colleges and universities in China, was established at Pudong, Shanghai.[3]

In January 1993, the State Education Commission of the PRC approved the establishment of the Group through raising funds from targeted sources, and a total of 174 higher education institutions and entities became shareholders.[3]

In April 1993, according to the Document of HTG (92) No. 129 and the Document of HFJW (92) No. 356, China Hi-Tech (Group) Corporation was restructured into China Hi-Tech Group Co. Ltd. through raising funds from targeted sources.[3]

On 27 June 1996, upon the approval from the documents of ZJFSZ (1996) No. 120 and No. 121 by the China Securities Regulatory Commission, China Hi-Tech Group issued A shares of domestic listing to the public. It issued 25,500,000 equity shares at an issue price of 4.8 yuan per share on Shanghai Stock Exchange on 8 July 1996.[3]

On 26 July 1996, China Hi-Tech Group (abbr. China Hi-Tech) was officially listed on the Shanghai Stock Exchange.[3]

In 2003, China Hi-Tech Group established a postdoctoral research station.

In 2011, the Ministry of Education of the People's Republic of China became the controlling shareholder of the group. In 2013, the domicile and office of thegroup moved to Beijing. In 2015, the group set education as one core business for future development.[4]

In 2017, the Group acquired education and training provider Yingteng Education (SEHK: 838505).[5][6][7][8]

References
  1. "中国高科2017年年度报告". 163.com. Retrieved 24 April 2018.
  2. "徐小平和雷军下的蛋，这家公司会成为在线教育界的小米吗？". sohu.com.
  3. "China Hi-Tech Group Co., Ltd". chinahitech.com.cn. Retrieved 24 April 2013.
  4. "转型职业教育 中国高科集团成立全球教育发展研究院". 10jqka.com.cn. Retrieved 2017-04-28.
  5. "中国高科：拟收购新三板公司英腾教育51%股权". 163.com. Retrieved 2017-06-29.
  6. "英腾教育携手高校创新模拟医学教育". chinaxwcb.com. Retrieved 2018-07-03.
  7. "中国高科并购英腾教育完成交割；世纪明德拟1669万收购明德乐途". jiemodui.com. Retrieved 2017-12-15.
  8. "中国高科并购英腾教育完成交割，转型教育迈出坚定步伐". huanqiu.com. Retrieved 2017-12-18.
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